ESS Settlement Services

  • Facebook
  • Google+
  • Linkedin
  • Twitter
  • Home
  • About Us
    • Our Founders
    • Staff and Affiliates
  • Our Services
    • Structured Settlement Design & Planning
      • In Depth Look At Structures/FAQ
      • Complete Document Preparation & Review
      • Mediation Attendance
    • Life Care Plan & Financial & Economic Needs Analysis
      • Pre and Post Verdict 50(a) & 50(b) Periodic Judgment Analysis
    • Attorney Fee Deferment
    • Medicare Set-Aside (MSA) Analysis & Future Allocation Apportionment
    • Lien Resolution Services
    • Benefits Coordination & Planning Team
      • Medicare, Medicaid & Healthcare Compliance
    • Trust Advisement & Services
    • QSF Services
  • Our Blog
  • Resources
  • Contact Us
    • Request a Proposal

ABLE Accounts: providing a better life experience for New York’s disabled residents

January 19, 2016 by Randy Levine Leave a Comment

 

ABLE Accounts: providing a better life experience for New York’s disabled residentsThe New Year has already brought a change for the better for people with long-term disabilities who reside in New York State thanks to the availability beginning this year of tax-free ABLE accounts to fund medical, housing, education, transportation and other expenses related to their disability.

These ABLE accounts are structured along the lines of other tax-advantaged savings accounts, such as the popular 529 college savings account, where earnings from contributions (subject to a $14,000 annual limitation) can accumulate on a tax-free basis.  Made possible by federal legislation introduced back in 2014, the New York legislature passed its enabling bill last year, with New York becoming the 20th state thus far to make these useful accounts available for use by qualified disabled residents.

[Read more…]

Filed Under: Financial Planning, Medicare, Tax Law Tagged With: ABLE Accounts, Medicaid

Recent Posts

  • ABLE Accounts: providing a better life experience for New York’s disabled residents
  • Bringing Your Client to Mediation: the pros and cons considered
  • How To Identify Which Cases Are Ripe For Mediation
  • The CMS Recovery Portal: helping put money in your pocket faster
  • Getting the Most of Out of Your Next Mediation

Search

Tag Cloud

ABLE ACT 2014 Affordable Care Act Amos v Rodman annuity chronic condition confidentiality clause Dennis Rodman Erisa financial planning Health care insurance adjustors IRS law lien resolution Life Care Plan Life Insurance Benefits litigation mediation mediations mediator Medicaid Medical Law Medicare Medicare Liens Medicare Secondary Payer Act Medicare Set Aside medicare set asides MSA MSP notice of hardship conversion Obama Care personal injury law plaintiff plaintiffs private letter ruling settlements Special Needs Trust structured settlements tax free tax free annuity tax free income tax on settlements trial-ready Wrongful Death Wurtz v The Rawlings Company

Our Mission

As a settlement consulting company owned and run by practicing trial attorneys, ESS brings you true plaintiff-based settlement consultants that are dedicated to serving the plaintiff’s bar and remaining on the cutting edge of settlement planning.

Follow Us Online

  • Facebook
  • Google+
  • Linkedin
  • Twitter

Our latest posts

  • ABLE Accounts: providing a better life experience for New York’s disabled residents
  • Bringing Your Client to Mediation: the pros and cons considered
  • How To Identify Which Cases Are Ripe For Mediation
  • The CMS Recovery Portal: helping put money in your pocket faster
  • Getting the Most of Out of Your Next Mediation

Connect With Us

ESS Settlement Services

P: 844-ESS-1212
F: 866-977-1201
E: info@esqsettlements.com
©2015 ESS Settlements Services, LLC - All Rights Reserved

Structured Settlements provided by Sage Settlement Consulting